Investments to the petrochemical sector: The value of the competitiveness of petrochemical companies
Entrepreneurship and Sustainability Issues, vol.7, no.3, pp.2510-2525, 2020 (ESCI, Scopus)
- Publication Type: Article / Article
- Volume: 7 Issue: 3
- Publication Date: 2020
- Doi Number: 10.9770/jesi.2020.7.3(70)
- Journal Name: Entrepreneurship and Sustainability Issues
- Journal Indexes: Emerging Sources Citation Index (ESCI), Scopus, Directory of Open Access Journals
- Page Numbers: pp.2510-2525
- Keywords: Competitiveness, Financing, Financing mechanisms, Innovative development of the industry, Investments, Petrochemical companies
- Open Archive Collection: Article
- Azerbaijan State University of Economics (UNEC) Affiliated: No
Abstract
The article focuses on the dynamics and structure of fixed investments in the Russian Federation in the period of 2011-2019, analyses both the destabilizing factors, and those, having beneficial impact on the use of a wide range of financial mechanisms in financing projects on petrochemical companies’ development. It evaluates the competitiveness of petrochemical companies in the Russian Federation and abroad, for the current period and until 2030, according to the strategy of industry development. It outlines the investment potential of the industry and provides conclusion on the need to develop the use of mechanisms for financing innovative subprojects of petrochemical industry companies. All conclusions in the article are illustrated with relevant examples.